Page 16B EUGENE REGISTER-GUARD, Fit, Sept. 21, 1962
Business Beat
ii;.iV,i;X;:vt.iii:r.;r.?f.a..LSi'i.:.:
f-JdiUUdiiiL
Close-Out
CANVAS LAWN
FURNITURE
Money Flow Still Rising
By BOB NEWCOMB
Of the Rrglster-Guard
tfpi
Bank debits in Eugene continued on the uptrend during
' August, reaching a total of $122.1 million for the month 12 per
cent above the totals for August, 1961.
And for the first eight months ol this year the city's ac
cumulated total of bank debits was $872.4 million 14 per cent
above the same period for 1901.
The figures are provided by the Federal Reserve Bank of
San Francisco. Bank debits represent the dollar value of checks
drawn against accounts, and are an indication of general eco
nomic activity.
Comparable figures for Portland for the first eight months
8.6 billion this year as compared to $8.7 billion last year, for a
9 per cent gain. In Salem for the eight months debits have
totaled $1.2 billion for both years and therefore show no per
centile change.
HOLDING COMPANY FORMED The Industrial Invest
ment Corp., a holding company formed last
October, is scheduled to open for business Oct.
1 in offices at 210 E. 17th Ave., Eugene.
Sterling Davis, 44, who formerly was presi
dent of a similar firm in Sioux Falls, S. D.
ll "" den' and general manager of the new firm.
I a charter granted by the state corporation
I I - J commissioner, Davis said, allows the firm to
pt "y t'co' 'n 8encral financing and investment,
k 'ayf"' Other directors in the firm include John 0.
V jV Chatt, president of the Lane County Escrow
WsJ Service, Inc.; William S. E. Sanderson and Wil
liam B. Hilton Jr., co-owners of Westward Ho,
Inc.: Robert Hadland. president of the Bank of
Shedd and the Bank of Brownsville, and E. W. Poland, vice
president of the Bank of Shedd.
Davis said the Eugene office will serve as headquarters for
the firm, which intends to opernto throughout Oregon, possibly
establishing offices in other communities. Paul Humlie of Eu
gene has been named sales manager.
Industrial Investment has been capitalized at a million
shares of common stock, Davis said. Plans call for the firm to
purchase controlling interest in various types of industrial and
business firms, he said.
Davis has been a resident of Eugene for the past year. Be-
fore moving here he sold most of his interest in the South
Dakota firm, he said, which he had formed in 1955.
Davis, his wife Helen, and three of their four children
Karen, 13, and 9-year-old twins Vicki and Jami live at 473
Roan Dr., Eugene. Another daughter, Sherri, 18, is attending
Bngham Young University in Utah.
Davis
Stocks Close at Sharp Low
After Two Selling Sprees
NEW YORK I The stock
market closed sharply lower
Friday in heavy trading.
The list was struck by two
selling waves, each accompanied
by late ticker tapes. The tape
ran late at the close.
A downside penetration of the
Dow Jones industrial average
below the significant 600 level
Port of Portland
To Move Drydock
PORTLAND (UNI The Port of
Portland's new 27,000-ton dry-'
dock will be moved Monday to
the Swan Island ship repair cen
ter. Three lugs will be used to
transfer the 661-foot dock from
the Gundcrson Brothers Engi
neering Corp. plant.
In its new location, the dry
dock will be teamed with two
smaller ones so that three large
ships can be handled at once.
brought in additional selling,
brokers said. This average also
pierced its Sept. 7 low.
Prices declined from the start
and were hit hard late in the
morning. Steadying at their lows
for a while, stocks sank again
under a renewed gust of selling
late in the day.
Volume for the day was esti
mated at 3.6 million shares com
pared with 3.35 million Thurs
day.
Key stocks declined from frac
tions to about 2 points.
Some of the "growth" stocks
took wider losses, as usual. Po
laroid was down about 8 points,
IBM dropped more than 4, Cor
ning Gloss about 3 and Xerox
more than 2,
The list was struck by heavy
selling around mid-day. Tickers
ran late. In general, prices held
about at their lows in the after
noon. Corporate bonds were mixed
and U.S. government bonds
were up slightly. Trading was
light in both markets.
Financial Reports
NEW YORK STOCK EXCHANGE
SHccted List Reported by
Harris, Upham & Co.
Sept. 21, 1963
Alleshany 7-H
All l.udm 28'.
Al Chcm 37 H
At Chalmers 14
Alcoa 84;i
Al Stnrrs 51's
Alum Ltd Ill's
Amerada WJ' n
Am Alrl lrt;'a
Am Can
Am Cyan 4l's
Am El Pow Itf.'s
AMK Ill's
AmMCIIm 2li .
Am Motors 17
Am Nat (las 311
Am TAT III)
Am Ton 21la
Am Viscose 52Ts
Amppx m's
Anai-onda .17' a
Arnico 42
Armour "1U
Atchison 21
Avco
Hal A Ohio NS
Reckman PW's
Renrttx 4-'s
Reth Steel .10'
anting .19is
sorg War 3ft
Irunswlt-k 1R'
surlttiBlon M's
lurrotiKha .Li's
Campbell 01 's
1 1 Case It's
Caterpillar .1:i'-j
Tolanese .IVs
Torro Ue P lls
Tessna 17.
Thes & Ohio 4's
Thrysler P..V'a
:itlesSve soi
olo r'uel -a
Colmba Gas 23'a
Com Can
Com Oil
Corn Prod
Crown Zcl
Crucible
Curl Wrht
I term
Disney
Douglas
Dow
llrcsscr
llul'ont
Kaslern Alrl
Kaufman
t.l I'aso
Krle
Hist Chrlr
r'ord
Kruehauf
Gen Dvn
Gen Klec
Gen Kood
lion Motors
Gen Tel
Gen Tire
Ga lac
Gillette
Goodyear
Grace
lit Northrn
Grey hound
Gulf Oil
llontrstak
Howe Sound 111
Ideal ( pm
III Central
I It M
Intl llarv
Intl Nickel
Intl Paper
InllTelATel Mi's
lohns Manv 40
lonrsatl.au 4.1
Kaiser Aim 3-1
Kennecolt M'
l'a
W
Ml-'s
431-4
IS
17H
44-i,
2a's
2i-yB
30s
2l-'s
204'.
IS la
2-yk
M'a
4ls
2I'
231,
65' s
7IH,
33
Ill's
Ill's
.la's
3.V,
27',
.TV's
JJa
2ti'.
.Id's
35
3.1'i
377
43',
53' s
Jo's
DOW JONKS CLOS1NO AVERAGES
30 Industrials 501.78. down 8 87
20 Halls 117.70. down .91
13 Utilities I2II.S0, down .113
Volume 4.2HO.0OO
Kerr McGee 35?
I.lllon H(Us
5l-'s
441,
.13',
.'13
22',
23
31',
30'.
41".
Lockheed
l.orlllald
Mack
Matfnavox
Martin
McDcrmott
MUM
Minn Ml
Monsanto
Mont Ward 27'i
Natl lllscll .10
Natl lash 7H ,
Natl Dlst 23
Natl Gvpsm 30',
Natl Lead AO's
NY Central 1.1
No Am Av Ill's
Nor Pacific 32a
NW Airline 32-V.
Olln Math 30',
iMitiioaid
Owens III
Paclllr Gas
Pan Amer
Penney
Penn Hn
Pepsi
Pfler
Phillips
Polaroid
Proc it Gam fis-'s
Pure Oil 31'
Radio
llayonter
Raytheon
Relchhold
Rep Steel
Itesall
llynlda Met 23' s
ll.nlris Tnh 41
nirhdan-Mrl 43
nirhfleld 30',
Royl Dutch 40
13A,
77's
2H's
ID
44-H
It's
4's
127
47',
17'.
31's
Ill's
.11
22S
Safewav
St Bonis
Sand Imp
Schenloy
Scars
Shell T & T
Sinclair
Socony
Soulhrn Co 4fl
So Pacific 24H
Sperry 12-',
Sid Oil Cal SH4
Sid Oil lnd 41 's
Sid oil NJ 93
studehaker 7's
Sub Gas
Sunray
iwlft
Venn Gas
Texaco
Vexas Gulf
lexas lust
l'cxtron
Thlokol
l'ho Ramo
Tidewater
Transaiuer
Cn Carbide flu's
I n on 32s
I n Pacific 30
I nltd Aire 47H
I old Atrl 21l.
I ntd Fruit Jl
I S llorax !5
IS Plvwod 411,
I S Rubber .Ill's
I S Steel 4ilst
I N Match IS's
l Plohn 32'i
Vsrlan
tVes I'nlon 2.Vs
tvesttnuhse 2-
rVoolworth M's
Vniinaslun 74-1s
Cenlth 33
.in",
23
11
in
72-i,
llls
31'.
32",
lB'i
22's
3.11-1
201 s
54
I2.!a
7IS
23',
20' s
40' s
IRft
sni
DRUGGISTS INSTALL OFFICERS Carl Shefcheck of Eu
gene this week was installed as president of the Lane County
Pharmaceutical Assn. during the group's first fall meeting.
Other officers seated were Dareld Brown of Springfield,
vice president; Ititchcy Rust of Eugene, secretary, and Charles
Deer of Eugene, treasurer.
Shefcheck succeeds Robert Lammcrs of Eugene, as presi
dent. The group of druggists meets every other month on the
third Wednesday of that month at 8 p.m. either at McKesson
& Robbins, Inc., 340 Washington St., or at Western Drug Sup
ply, Inc., 450 W. Fifth Ave., Eugene.
NEW BEAUTY SHOP OPENS A new beauty shop, the
Phil-Mar Beauty Salon, has opened at 1670 W. 18lh Ave., Eu
gene, one of the initial business firms to open in a $500,000
shopping center being developed on the southeast corner of
18th and Chambers Streets.
The new shop is owned by Evcly Krysl, who also owns the
13th Avenue Curl Shop at 1180 W. 13th Ave., which she opened
in 1959 after arriving in Eugene from Kansas. She operated
beauty shops in that state for several years.
The new shop, operating in leased quarters, opened Thurs
day afternoon. It features all-new equipment. There are four
operators including Mrs. Krysl. The shop is open Monday
through Saturday starting at 8 a.m. and by appointment.
An open house is scheduled Sept. 29-30.
TIRE STORE IN EUGENE The newly opened North 99
Tire Store at 855 Hwy. 99N, will hold open house Saturday, ac
cording to Ralph Smccd, owner and general manager.
Smced is also owner of the OK Tire Store in Springfield.
He said plans call for establishment of three more similar tire
stores in various parts of Eugene.
The North 99 store is managed by Don Ncdbalck, recently of
Jerome, Idaho, where he was with an OK Tire store for four
years. The stores are franchised dealers for the OK Rubber
Welders, Inc. of Littleton, Colo.
The new Eugene store is operating in leased quarters with
about 2,500 square feet of floor space. Both stores offer new,
used and recapped tires for sale, and wheel alignment work.
Council Divided
On Curb Request
The follow Ins hid and asked quo
tations from the National Assn. of
hecurlltca Dealers do not represent
actual Iransactlons. inev are a
Itiitde to the rauite wllhln which
lhci.e sicurlllcs could have been
bought or sold at the time of com
pllallon. nin ASK
Alherlsons ... 13 12-'s
Atden Farm, Com 13't I4's
Rank of Amer 4' , 32
Bib "C" Stores 2-', 3's
Boise Cas !' ''
Cas. Nal. Gas I2's 14
Consol Flways It's l!'s
Kqultahlt S A L 3's
Mrsl Nai l .- M's '0
Fred Meyer 10' s 1 1
lly.ter, Com ..: 23 27',
Jantirn, Com 27-' Jo's
Kaiser Sleel IS's ls
Koehrlns 12 I.Vs
MorrlsnivKnud ........ 31', 33' t
N. W. Nal. Gas 30 is 32',
Oregon Mel I 1 ls
Clre-lda ft' a ft's
On Ptlnd ( em IT-, lH
Psc Inmin F.sp 14 13
PP A I., I'M 24'. 25S.
Pope sV lalhol 2l's 24's
Porl Gen tier 24H 2',
Tort Trans l orn 9', 10',
Senile Mrsl N.tT 33 5ft' ,
Hirlltv Dru a' 32
Tnllycrafl J
Vnlted Pacific 32's 33's
II. S. Nal'l Bank lift's "
Warren Bros 20', 22',
Wash. Nal. Gas 33 lft's
Weal Coast Tel l 2n-'s
Vest Nal. Gas Ils I!1,
IVejerhacuser 14 ' IS's
I CLOSING QCOTATIONS AS OF
9.20(12
MI'Tl'Al. FUNDS
1 l.sst avallahle prices as reported hv
- ilka. Smllher A, Co., Fucene Olfice
Alf. Fund .. 7 19 7.7
i Huston Fund ft 3 9 (17
llullovk II as 71
, Canadian Fund 1.1 ft.1 17 II
' Century Shs. 1172 12 hi
Chemical Fund 9 4ft 10 41
Col Gi w th A Energy . 109ft 1200
Colonial Fund 10 10 1 1 7ft
I Com tnv. lo. 90(1 990
Dler Growth 7 19 ft 12
DIMdends Shs 2 99 3 2
litres fus Fund lft (19 13 97
Kdellly Cap . 7 M ft 15
Fund Iny ft 49 9 .10
(ien. Bond . It an 7 24
Inc. Of Hoslon 7 24 7 91
I Incorp. Inv II lft ft 97
i Keystone S-3 . 12:19 1.132
Mass Inv Growth 7 1X1 7 13
, Mass Inv Tiust I2K9 1.1 H7
Nai l Inv 13 14 1, 21
Nal'l Stock ft 97 7 ft2
One Vim. SI II lft 12 44
Pioneer . R 74 9
Putnam 11 94 II 13
Putnam Growth 7 90 11 39
Telev A Klec ft 94 7 M
Value Line Inc 4 ftl 3 10
Uelllnslon II M 14 m
Wellington Eq. 12 31 13 RJ
Eugene city council members
found themselves divided Thurs
day on a church's request to
install curb sidewalks instead of
walks with the standard five
foot setback from the street.
The request came from the
Friendly Street Church of God,
for a sidewalk on Adams Street,
north of 23rd Avenue, but the
discussion soon branched out
to policy on curb walks in gen
eral.
Don Allen, public works di
rector, had previously turned
down the church's request on
the grounds that topography
didn't prevent standard set
backs at that location. He also
noted in a letter to the church
that city councils on two pre
vious occasions had refused the
request.
Motion Falls
The city's stated policy is to
permit curb sidewalks only
when terrain is too steep to
permit regular setbacks.
But a motion by Councilman
Wallace Swanson to deny the
Portland Markets
POItTLAND UO Buttcrfat Ten
tAtlve, iiihjcct to Immediate change
Premium quality, delivered In
Portland. 64 fonts In: first quality
61; kecond quality, 56.
Butter Prints per In to retalleri
Grada AA, 93 score. 66; A grade, 82
acore, 66; B grade, 90 score, 65.
Cheese To retailers Mngie dai
sies, 47v-4a Processed Ameri
can, 44a-4a1,1i.
K2K5 To retalleri Grade AA,
extra large, 50-53; AA large 47-51; A
lame, 46-4H; AA medium!) 40-4.1; AA
small, 21-30. Cartons, 23 cents ad
(lit I on M,
Kggs To producers, at farm AA
extra large, 39-43'-,; AA large 37-
41-j; A large, 34-38; A A mediums,
2U-.13L1; A A Mnall, 15-18' t,.
Live poultry Quoted to growers
t o.h, ranch No. 1 qualltv frvem,
2-4 Ibv. 16-20; light hens, 4-5,
heavy hens, 6-9.
ttahhlls Average to growers
Live whiles, 3l-4'i Ihs, 24-28 rents,
some down to 20; colored pelts 4-5
cents Ir.is; fresh killed fryers to re
tailers 58 62, few at 63; cut up, 60-65.
Who If sale ItrfNsrd Meats
Beef cuts, choice steem Hindquar
ters, ,S6.(Hi-5fl.t)0; round-. 52.00-54. 00;
few 30.00; full loins, trimmed 60.00
82 .00; forcquartcrs. 37 00 .19.00; chucks
42.00-43.00; rlb, 57.00-58.00.
Lamb Choice-prim spring, all
ts. 41.50-44 00.
Veal-Cholce, 90-150 Ihs 50.00-53 00;
good, 48.OO-50 00; standard, 43.00-
46.00.
Prodnre
Onloni Calif, vellow med., 50
Ihs, 2 00-225; white Ik Texas 3 25
350; Vah. vellow med-. 1.75-2 00.
Potatoes Caltf. long whites, bilk
ers, 4 25-4 50; Wash. Russets, No.
1A, 2.50-1.75.
Eugene Markets
.. . "-----'v..)"' -rrr: v; -
! 1IHK.ON tUll rRODtlERS
.liimbn A . SAr
s:lra l.aria AA . 52c
Kslra larga A .... Sic
l-aran A A
l ama A 47c
Mnllum A Sc
Small A A 3c
I lirx 37c
curb sidewalk request failed to '
get support from a majority of
the councilmen present.
Several said curb sidewalks 1
are more practical at a church 1
site, since they are more con-'
venient for people getting in
and out of cars. .
Councilman M. F. Mover
noted, however, that two other'
property owners in the block
are already complying with the
cause the sidewalk to jog If the
church puts in a curb sidewalk,
he said.
'Definite Policy Needed'
Swanson said perhaps the
city's policy should be changed
to permit curb sidewalks at
places of public assembly such
as schools and churches. He
argued there should be a defi
nite policy, however, and said
the council defeats the whole
idea of sidewalk standards when
it grants exceptions without a
sound reason.
The city originally adopted
the setback sidewalks standard i
because these are considered
safer for small children than
curb sidewalks, and because the I
parking strip is then reserved '
for utility lines. 1
Allen told the council that
"for all practical purposes" the
city gives up its right to an
easement strip when it installs
curb sidewalks. :
Costly Procedure
He said it is true the city still
owns a five-foot strip on the
properly owner's side of the
curb sidewalk. But, he said, ob-
jeetions arc usually too great, I
and the cost of repairing dam
age to lawns and landscaping
would be too high, to make use
of land inside the sidewalks.
After defeating Swanson's mo
tion to deny the church request,
the council committeeof-thc-wholc
decided to wait until
Monday night's meeting to give
further consideration to the is
sue. Three council members
were absent Thursday noon.
In other matters Thursday,
the committce-of-the-wholc gave
its approval to a request from
the Ribbon Park Trail Assn. for
permission to start construction
of a hiking trail from a point
in Amazon Park to Frank Kin
ney Park, near 50th and Uni
versity. The committee voted to "file."
without action, a request from
the Lane Humane Society for
an ordinance prohibiting the
sale of crocodiles, alligators,
painted turtles and "potentially
dangerous'' reptiles in Eugene
stores.
Portland Grain
num. ANI il'Pli soil xhltr nn
hid. W'hltr I'luls nn bid Hard rati
wlntri no htrl Hsrri sthlta hssrt no
bid. Uals no bid. Rsrlrv on.
i Portland Livestock
I ronil AMl ll I'l l MlACattl
SlW; good-choli-f slccrs 27 .IS-iS;
rhoiia t7iMrs lb. MIS: utilllv
slamlard 17-24. hellers giWHl-rhnlrc
. 2(1 W: canncr-cultcr cows t i. cul-
trr-iilllllv bulls la 20
false, 5311. choice 173 293 lb !.
standard food under 300 lb. 23-27.
Hois 1120; I and t hntrhera 20 So
ill. 1 and 3 trades l 3tv. sovis 1 and
I irade 23 2W Ih 1717 SO.
Micro 3770. choice-prime ssooled
! sprint lambs IR 19 75: choice-prime
I woolrd spring Ismhs 18-19 75, choice
i prime shorn 17 50 lo mosllv IS SO;
rholi e-prlme ttoolcd closing 19-20 23,
ewes cull good 3 4 50
Job Applicants
j Trimmed to 15
I SAI.KM i.P The number
j of applicants for the job of
' slate travel information direc
i tor has been trimmed to 15. the
I Slate Civil Service director. Mel
j vin Cleveland, said Friday.
Cleveland said oral examina
tions will be given next week to
those still in contention for
; the job. and the Civil Service
will cut the list to five.
' It is up to the State Highway
Department to make the final
I choice, he said. The vacany was
created by the recent death of
' Carl Jordan.
Adopt a Doii Shop now . . . Poy later . .
lossy , sin.w
Just It Down I we urge you to shop NOW on
Loy-Away ond SAVE while
choices are most complete!
.if TJ '
SSJUDY
'I srVvp5"-i t the little people's choica
j ' bb' d""!
Jxjy She sleeps. She drinks and MF
sS wets. She has curly hair and
big blue eyes,
Reg. 3.99 NOW
Limited Quantity
DISCONTINUED
SHOE STYLES
Flats, Sandals and
Low Heels. ,
NOW . . .
PRICE
House Plants
Reg. I98
Ivy, Pepperomia, Palm, Rubber Plant and
Climbing Philodendron.
MAllf OOC
mm v 2
each
All Styles and
Fall Colors
Hand Bags i!L
y plus tax M ir
Fall Prints and Colors A
Yardage
(Goldfish
till
Novelty
Vases
Assorted styles
and colors
$1.99 Values
$1109
ll
each
ff 4 oz. Wool Ik
Yarn A
Fall Flannel
PAJAMAS
for Mom and Sis
Assorted Styles and Colors
$198nnd$099
BLOUSE and CAPRI
SETS
Sizes 10 to 18 Assorted fall colors
$&99
2s
Wrigley's Gum
6
Packages
w
bmp Shade
CLOSE OUT
s
While thev last! IQ
Limited Quantity
Hooded Sweat Shirts
for the Kiddies, Mom and Dad.
44 , $99
1
BEAT
TEXAS
Hurry . . . msny
ilrms limiird in
qimnlity. Shop
rilhrr laralion .
VARIETY
STORES
J
Open Sunday
k Gilbert Shopping Center Farmdale Plaza